Zacks Investment Research downgraded shares of HORNBECK OFFSHR (HOS) from OUTPERFORM to NEUTRAL on March 11, 2013, with a target price of $47.80.
Hornbeck Offshore provides technologically advanced, new generation OSVs serving the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico and in select international markets. The focus of their OSV business is on complex exploration and production activities, which include deepwater, deep well and other logistically demanding projects. They also transport petroleum products through their tug and tank barge segment serving the energy industry, primarily in the northeastern United States and Puerto Rico.
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